Does This Valuation Of Topsports International Holdings Limited (HKG:6110) Imply Investors Are Overpaying?
Sep 24
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Hong Kong (HSI) Apparel Retail Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies18
- 7D-1.9%
- 3M11.1%
- 1Y17.8%
- YTDn/a
Over the last 7 days, the Apparel Retail industry has dropped 1.9%, driven by Zhou Liu Fu Jewellery declining 8.5%. In the past year, the industry has gained 18%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Hong Kong Apparel Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Sep 2025 | HK$60.0b | HK$86.8b | HK$3.8b | 12.9x | 15.6x | 0.7x |
| Sun, 24 Aug 2025 | HK$67.3b | HK$86.1b | HK$3.7b | 11.3x | 18.2x | 0.8x |
| Tue, 22 Jul 2025 | HK$63.8b | HK$86.5b | HK$3.8b | 11.1x | 16.6x | 0.7x |
| Thu, 19 Jun 2025 | HK$45.2b | HK$84.5b | HK$1.7b | 11.4x | 27.1x | 0.5x |
| Sat, 17 May 2025 | HK$45.8b | HK$85.1b | HK$2.2b | 10.9x | 20.6x | 0.5x |
| Mon, 14 Apr 2025 | HK$41.1b | HK$84.4b | HK$2.2b | 9.9x | 18.7x | 0.5x |
| Wed, 12 Mar 2025 | HK$48.8b | HK$85.1b | HK$2.0b | 9x | 24.8x | 0.6x |
| Fri, 07 Feb 2025 | HK$42.6b | HK$84.6b | HK$1.9b | 9.3x | 21.9x | 0.5x |
| Sun, 05 Jan 2025 | HK$44.2b | HK$84.3b | HK$1.9b | 9.6x | 22.9x | 0.5x |
| Tue, 03 Dec 2024 | HK$40.4b | HK$84.7b | HK$1.9b | 9.8x | 20.8x | 0.5x |
| Thu, 31 Oct 2024 | HK$42.1b | HK$86.8b | HK$2.1b | 8.9x | 20.2x | 0.5x |
| Sat, 28 Sep 2024 | HK$48.4b | HK$89.1b | HK$2.6b | 8.9x | 18.3x | 0.5x |
| Mon, 26 Aug 2024 | HK$43.3b | HK$89.1b | HK$1.8b | 9.3x | 24.3x | 0.5x |
| Wed, 24 Jul 2024 | HK$48.7b | HK$88.2b | HK$1.9b | 7.9x | 25.9x | 0.6x |
| Fri, 21 Jun 2024 | HK$56.4b | HK$88.5b | HK$1.9b | 8.6x | 30.3x | 0.6x |
| Sun, 19 May 2024 | HK$63.5b | HK$87.9b | HK$1.6b | 8.9x | 38.5x | 0.7x |
| Tue, 16 Apr 2024 | HK$60.9b | HK$88.4b | HK$1.7b | 8.7x | 35.8x | 0.7x |
| Thu, 14 Mar 2024 | HK$62.2b | HK$87.7b | HK$2.5b | 12.8x | 25.1x | 0.7x |
| Sat, 10 Feb 2024 | HK$63.1b | HK$87.9b | HK$2.5b | 12.2x | 25.2x | 0.7x |
| Mon, 08 Jan 2024 | HK$66.8b | HK$88.1b | HK$2.5b | 12x | 26.5x | 0.8x |
| Wed, 06 Dec 2023 | HK$68.2b | HK$88.1b | HK$2.5b | 13.2x | 27x | 0.8x |
| Fri, 03 Nov 2023 | HK$69.1b | HK$86.4b | HK$2.5b | 12.9x | 28x | 0.8x |
| Sun, 01 Oct 2023 | HK$68.0b | HK$85.6b | HK$2.3b | 13.8x | 29.9x | 0.8x |
| Tue, 29 Aug 2023 | HK$72.1b | HK$86.1b | HK$3.1b | 11.8x | 23.2x | 0.8x |
| Thu, 27 Jul 2023 | HK$75.7b | HK$84.9b | HK$2.6b | 15.8x | 29.5x | 0.9x |
| Sat, 24 Jun 2023 | HK$70.7b | HK$84.8b | HK$2.6b | 14.8x | 27.6x | 0.8x |
| Mon, 22 May 2023 | HK$73.3b | HK$88.8b | HK$3.0b | 16.8x | 24.8x | 0.8x |
| Wed, 19 Apr 2023 | HK$77.8b | HK$90.1b | HK$2.9b | 17.9x | 26.9x | 0.9x |
| Fri, 17 Mar 2023 | HK$69.2b | HK$87.5b | HK$3.9b | 12.6x | 17.7x | 0.8x |
| Sun, 12 Feb 2023 | HK$75.0b | HK$89.4b | HK$3.6b | 12.3x | 20.6x | 0.8x |
| Tue, 10 Jan 2023 | HK$80.9b | HK$89.3b | HK$3.6b | 12.5x | 22.2x | 0.9x |
| Thu, 08 Dec 2022 | HK$62.0b | HK$87.0b | HK$3.5b | 11.2x | 17.5x | 0.7x |
| Sat, 05 Nov 2022 | HK$53.3b | HK$85.3b | HK$3.3b | 9.4x | 16.2x | 0.6x |
| Mon, 03 Oct 2022 | HK$61.6b | HK$89.6b | HK$3.7b | 9.7x | 16.8x | 0.7x |
Price to Earnings Ratio
16.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Apparel Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.6x which is lower than its 3-year average PE of 23.7x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- Both revenue and earnings for companies in the Apparel Retail industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does Hong Kong Apparel Retail compare with similar industries?
| HK Market | -2.67% | |
| Consumer Discretionary | -2.79% | |
| Specialty Stores | 0.33% | |
| Apparel Retail | -1.94% | |
| Automotive Retail | 1.28% | |
| Specialty Stores | 0.56% | |
| Computer and Electronics Retail | -1.18% | |
| Home Furnishing Retail | -2.74% | |
| Home Improvement Retail | -3.09% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6110 Topsports International Holdings | HK$3.15 | 2.9% +HK$558.1m | 9.0% | PE13.9x | |
| 789 Artini Holdings | HK$0.41 | 40.7% +HK$158.9m | -13.5% | PE72.2x | |
| 1223 Symphony Holdings | HK$1.52 | 0.7% +HK$29.7m | 78.8% | PS14.8x | |
| 113 Dickson Concepts (International) | HK$5.28 | 1.1% +HK$23.2m | 11.9% | PE10.3x | |
| 128 ENM Holdings | HK$0.28 | 1.8% +HK$8.3m | 3.7% | PE28.9x |
